Today we’ll be offering a guide on selecting and discussing employee benefits. The cognitive process of understanding employee benefits isn’t always intuitive. Many employees sign up for employee benefits, not fully understanding what their policies have to offer and how it can benefit them. Employers should take the time to sift through the best insurance plans that will meet their team’s needs and discuss the value of those benefits. Here are three useful tips to consider.
Offer a Good Blend of Benefits
Besides excellent pay, offering employees benefit packages that have all they need and want is the key to employee satisfaction. If you’re going to provide your team with the best insurance plans, you have to ask them for their input. Ask them what they don’t like and what they don’t like about their current policies. Explore what kind of coverage they need.
Always Make Plan Information Readily Available
Before the enrollment period, come up with a plan on how you’re going to discuss and share information about the available insurance plans. We recommend you do so weeks in advance. Communicate in a clear way what changes have happened to the options, if any. Also, list and make sure your employees understand when the enrollment period begins and ends. Your team will also find it useful to include tips on picking the best benefits and right coverage, especially for employees with families.
Discuss Insurance Benefits Without Having a One-Size-Fits-All Approach
Life for a single 30-year-old is going to look different than a 45-year-old with a family of four. Life for a 45-year-old with a family of four will look different than a 60-year-old whose children have left the nest. With this in mind, employees will appreciate you explaining how particular benefits packages will benefit their lives based on different lifestyles. Employees will also enjoy you creating a sheet that will define basic insurance plan terms such as “PPO,” “HMO’, “deductible.”
We trust that your employees are highly intelligent. With that in mind, it can be daunting to understand all that employee benefits have to offer. If you’re not a “print out a detailed newsletter.” type of person, you can trust our insurance brokers to explain to your employees all they need to know in a language they can understand? If your employee benefits are not up-to-par, reach out to Malden Solutions today.
Partner with Malden Solutions Today
Malden Solutions has a wealth of expertise in providing employer insurance solutions, HR solutions, and individual insurance solutions to businesses, both big and small. Our team of seasoned professionals can help you navigate the rapidly-changing world of insurance with ease. We partner with businesses and individuals throughout the country to provide our dedicated services for employee benefits but also work within our surrounding communities in Maryland, Northern Virginia, and Washington, D.C. Contact us today to learn more about how we can provide effective, dynamic solutions for your business. Stay connected with us on Twitter, Facebook, and Linkedin.